Sandy's employer has provided her with $200,000 of group term life insurance. Sandy is 51 and pays $100 annually for her group term life insurance. If the cost per $1,000 of coverage per month is $0.15 how much does Sandy's employer need to include in her wages for the year?

Answer rating: 100% (QA)

The Total cost of the Insurance Coverage can be computed as Coverage amount Cost per 1... View the full answer